Nomura Holdings Q2 2025 Financial Results

Nomura Holdings, Inc. reported its consolidated financial results for the second quarter of the fiscal year ending March 2026. The company achieved a net revenue of ¥515.5 billion, a 2% decrease quarter-over-quarter (QoQ) but a 7% increase year-over-year (YoY). Income before income taxes stood at ¥136.6 billion, down 15% QoQ but up 3% YoY. Net income attributable to shareholders was ¥92.1 billion, a 12% decrease QoQ and a 6% decrease YoY. The company's ROE was 10.6%, marking the sixth consecutive quarter within the target range of 8-10%+. Key highlights include strong performance in Wealth Management, with recurring revenue assets reaching a record high, and robust results in Wholesale, particularly in Global Markets where Equity revenue hit a record high. The company also maintained a solid financial position with a Tier 1 capital ratio of 15.1%.